Corporate Governance Country Assessment : Malawi
This ROSC assessment of corporate governance in Malawi benchmarks law and practice against the Organization for Economic Cooperation and Development (OECD) Principles of Corporate Governance and covers public interest entities (including public lim...
| Main Author: | |
|---|---|
| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
| Published: |
Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2007/06/20226710/malawi-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/20452 |
| Summary: | This ROSC assessment of corporate
governance in Malawi benchmarks law and practice against the
Organization for Economic Cooperation and Development (OECD)
Principles of Corporate Governance and covers public
interest entities (including public limited companies,
financial institutions, and parastatal companies) with
special focus on the companies listed on the MSE. This
report should be read in conjunction with the Accounting and
Auditing ROSC Malawi, which reviews issues related to
accounting, auditing, and financial reporting in more
detail. Growth in 2006 has been estimated at 6.5 percent.
Inflation and bank lending rates have declined significantly
over the past few years. Malawi qualified for debt relief
under the World Bank s Heavily Indebted Poor Countries
(HIPC) initiative in 2006. The business environment has
improved, and the private sector is optimistic about the
future; the Malawi Business Survey 2006 conducted by the
Malawi Confederation of the Chambers of Commerce and
Industry (MCCI) rated the business environment good to very
good with better expectations in the next 12 months. The
Malawi Growth and Development Strategy (MGDS) 2006-2011 sets
a future growth target of more than 6 percent annually for
the five-year period, which will increase per capita income
to US$450 by the end of 2011. For this purpose, Malawi is
seeking to increase domestic and foreign investment. |
|---|